US toy retail giant Toys 'R' Us files for liquidatio...Thursday, March 15, 2018
United States
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Uber London to lose operator licence after SeptemberMonday, September 25, 2017
United Kingdom
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US toy retail giant Toys R Us files for bankruptcy i...Thursday, September 21, 2017
Economy and business
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William Salice, creator of Kinder Surprise eggs, die...On Thursday, William Salice, credited with creating Kinder Surprise eggs, died at age 83 in Pavia, Italy because of a stroke, according to his foundation "Color Your Life Campus". Salice had worked with the businessman Michele Ferrero in the 1960s, the creator of the Nutella cream and owner of Ferrero Rocher. Ferrero died in 2015.
In 1974, Kinder Surprise w...

Senior UK politicians talk at Confederation of Briti...May formally announced plans to cut corporation tax from 20%, without giving details, in order to discourage businesses from leaving the UK post-Brexit. Corbyn said in his speech he believes investment by the government on things such as infrastructure improvements is shared ground between Labour and businesses but "businesses will need to contribute" meaning ...

India discontinues ₹500, ₹1000 denominations; releas...On Wednesday, India demonetised ₹500 (about US$7.50) and ₹1000 notes, announced as a measure to fight corruption, fake notes, and black money. Prime Minister Narendra Modi addressed the Indian citizens late Tuesday, and said 500 and 1000 rupee notes would cease to be legal tender at midnight.
To minimise possible difficulties to citizens, transactions using o...

Chelsea announces Nike sponsorshipYesterday, English capital football club Chelsea FC announced a long-term deal with US sports company Nike.
Currently, German company Adidas made the kits for The Blues, a deal worth £30 million annually. Chelsea's contract with Adidas runs till 2023. Chelsea is obliged to pay about £40 million to the German firm. Chelsea's termination of Adidas's contract wa...

ARM to be bought by SoftBankThe United Kingdom's (UK) largest technology company, ARM Holdings, confirmed this morning that it had accepted an offer from the Japanese company, SoftBank.
ARM logo
ARM designs microchips used in many devices, including smart phones made by Apple and Samsung. It is expected to invest in the so-called Internet of Things, where many everyday items are e...

British rail minister Claire Perry steps downSouthern has an ongoing dispute with the Rail, Maritime and Transport union (RMT) about increasing driver-only services, without conductors or guards. The union objected, citing concerns about job losses and driver safety.
London mayor Sadiq Khan said "This utter mess is now an embarrassment to our city" and that he was "calling on the government to strip Sou...

North American Leaders' Summit 2016: leaders affirm ...On Wednesday, U.S. President Barack Obama met with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto in Ottawa. This marks the first time Canadian, U.S., and Mexican leaders have met since 2014, as 2015's summit was not arranged in the harsh political relations at the time.
File photo of Obama, Trudeau, and Peña Nieto, 2015.
...

Glencore announces Tahmoor mine in New South Wales t...Swiss mining company Glencore announced yesterday the closure of its coal mine in Tahmoor, New South Wales, Australia. The mine is to be closed by early 2019, pointing to the downturn of coal prices in global markets.
Glencore stated, "The decision has been made as a result of continued low prices in global coal markets, which has meant the economic return fr...

Lord Howard and Alistair Darling address Confederati...The dinner was held as the UK is expected to vote on the matter in next month's EU referendum. Lord Howard encouraged those in attendance to vote for the UK to leave the EU, while Mr Darling was speaking in favour of a vote to remain.
Responding to the CBI calling for the UK to remain in the EU, Lord Howard referred to the organisation's previous calls to bec...

Telegraph publishes letter from 300 business leaders...ss="published">Tuesday, May 17, 2016
United Kingdom
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Subway sandwich empire co-founder Fred DeLuca diesFifty years after starting his first sandwich shop as a teenager, Subway CEO and co-founder Fred DeLuca died on Monday. He was 67 and suffering from cancer.
A Subway restaurant in Edinburgh, Scotland.
Image: Ian Thomson.
Subway yesterday announced his death, but not the location. He had developed leukaemia, which the company announced in 2013. The busin...

US adds 173,000 jobs in August; unemployment rate dr...The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.
Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past thre...

Fiat Chrysler recalls 7,810 Jeep SUVs for software v...7,810 Jeep SUVs are to be recalled in order to address a software vulnerability in the vehicles' entertainment systems which allows the vehicles to be "hacked" — allows vehicle software security to be compromised — Fiat Chrysler Automobiles US (FCA US) said on Friday. This recall affects some 2015 model Jeep Renegades.
FCA US said exploiting the vulnerability...